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killed in iraq and afghanistan, all apparently allegedly targets of illegal eav eavesdropping by journalists working for rupert murdoch's international journalist group. dan rivers has details. >> reporter: the phone hacking scandal goes right to the very done of the british establishment with allegations the former prime minister gordon brown and incredibly queen elizabeth herself were both targeted by journalists working for rupert murdoch's news international. highly sensitive contact numbers and itineraries for the queen and senior royals were bought by journalists from "news of the world" from corrupt police officers who were supposed to be guarding her. >> royalty protection officers are in the ultimate position of trust, and if they have handing over information about royal families' movements and telephone numbers, apart from anything else, it's a massive security risk. >> reporter: and then there are serious allegations about hacking of the former prime minister gordon brown, "the guardian" newspaper says brown's personal information including bank accounts and proper
with tax cry says, they're using a huge chunk of change to fund the war in afghanistan. that bill is almost 1$118 billion. that's for base security, reconstruction, foreign aid and other related expenses. manis manisha. >> is all that taxpayer money really going where it's supposed to go? a source with knowledge of that tells cnn they've uncovered a scandal. part of it was diverted into the hands of afghan power brokers and also into the hands of -- get this -- itself. what's the story? >> well, this is coming from an internal document that has yet to be released. effectively what it's saying is rufrly three quarters of the cost allocated to eight companies here in afghanistan, trucking companies, has been miss appropriated in some ways. there seems to be a sears of contracts and subcontracts in which the money had been funneled down into different groups and in some cases ended up in the hands of the taliban. the question is how could something like this happen? well, it seems pretty clear that keeping track of subcontractor dollars even in washington is difficult. in afghanistan, however,
following a discussion of rockets being fired into afghanistan from across the border in afghanistan. the pakistani government denied responsibility for recent deadly rocket attacks in afghanistan. those are the headlines. i'm monita rajpal in london. "world business today" starts right now. good morning from cnn london. i'm nina dos santos. more advertisers consider pulling the plug as britain's tabloids is hacked. >>> and touching a raw nerve. we'll tell you why japan's meat eating carnival girls have a beef with the boys. >>> first up, though, let's take a look at the markets. it's been a mixed day for asia's stock markets. banking stocks sunk in china. here in europe we had a down beat start to the day. european stock markets have been open for slightly more than an hour at the moment, and as you can see, most of them firmly stuck in the red at the moment. >>> and let's have a look at the currencies because on the currencies front the euro is down by three-tenths of one u.s. dollar. a little under 81 as you can see at the moment. 80.80 is where we stand. in asia it was a mixed da
of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out of the paper's parent company, which is newscorp. its stock price fell 5% on wednesday. did pull back as you see there. but ended the day down more than 3.5%. investors voting with their feet, as well, charles. >> it's fascinating to see the business world and the political world really moving together on this. and as members of parliament here in the u.k. agree to launch a public inquiry into "the news of the world" alleged hacking, showing prime minister david cameron, and the culture secretary on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped up
of the bush tax cuts. a lot of the rest is because of the unfunded wars in iraq and afghanistan, started in the bush term which the first wars in american history that they didn't raise taxes to pay for. >> and in fairness, a lot of it is because of our economy has taken a tremendous nose dive. >> that's right. the economy has taken a nose dive. not because of any great spending splurge by the obama administration which didn't occur. >> so if you don't see a clear path forward right now, you have been there a while. you know how this sort of stuff works. how do we fashion such a path? >> the only way to fashion such a path -- let me say one thing. you have to understand how bad the boehner plan or anything they are insisting on is. i've seen too much commentary saying boehner and reid aren't that far apart, which is nonsense. the second half of getting the debt ceiling raised is dependent on a second $1.6 trillion spending cut, almost entirely from entitlements, you will have already eviscerated the direct spending part. you have to make draconian cuts in medicare, medicaid, and democrat
wars, one in iraq and one in afghanistan and keep in mind, this, of course, was post-9/11. nothing, though, compares to the bush tax cuts have had on the federal budget. how does this compare to barack obama? well, we're looking at projected spending here from 2009 all the way to 2017. there is president obama's health care package, obama care, $152 billion there. discretion nair extendy tear, stimulus tax cuts, just over $425 billion and barack obama had his own stimulus package, just over $700 billion. let's look at the two grand totals here. president bush, a grand total of over $5 billion, president obama about $1.5 trillion. what this says is, yes, both presidents spent a lot of money over a long period of time but this crisis has been years in the making. >> that's one of the criticisms that many on washington have been receiving. we saw this coming. >> now it's time for a spot of weather and it's not looking like a great weekend for us in asia. in fact, if winds were howling around our building. i believe it has a lot do with the tropical storm system that's passing by here
. it topped over 100% after the funding of the iraq war, the afghanistan war and the collapse of lehman brothers and that huge financial bailout. despite all the discussion about what could happen with the budget deficit and the republicans and the democrats agreeing eye to eye on what could happen, the long-term debt is likely to continue rising. $14 trillion today, it could top $20 trillion by the year 2016 no matter what they do over the next week. >> coming up, a deepening humanitarian crisis in a hunger-stricken land. we go to kenya where the corners of the drought and famine go way beyond simply a lack of rain. medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can
on the the point where bill is giving thought to a job in afghanistan, working on perimeter defense imagery. >> 30 minutes, get this hooked up. from the thing hits the ground to ready to go. >> reporter: as soon as "atlantis" lands, ray zinc will lead a convoy to prepare for its move. after that, he plans to start up an organization that brings science and engineering to kids. >> we all have a lot of experience. a lot of knowledge we would love to pass on to another generation. let's get together and find to do this. go where the kids are or bring them to us. >> reporter: zink has seen a lot of friends go. within 24 hours of "atlantis" landing, he will see more. 2,300 people will be leaving. the shuttle program is over. it's done. john zarrella, at the kennedy space center, florida. >>> we're about ten seconds into the deorbit burn. >> tend of the journey that started with the testing of a craft called "enterprise," in 1977. "columbia" in 1981. culminating this morning with a night flight to the kennedy space center. >> it's been 14 days since "atlantis" lifted off for the final mission of the spa
Search Results 0 to 7 of about 8

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